BUZZ-JPMorgan downgrades Ethos Technologies’ rating to “Neutral”; share price drops

October 1 - ** Life insurance company Ethos Technologies (stock code: LIFE.O) shares fell 1.5% in pre-market trading, quoted at $33

** JPMorgan downgraded the stock rating from "Buy" to "Neutral"

** The bank stated: "Following a strong surge in the share price, the risk-reward appears more balanced; its relative valuation compared to other brokers is no longer attractive, especially considering LIFE's lower cash flow conversion rate"

** Out of 9 brokers, 8 rate the stock "Buy" or higher, 1 rates it "Hold"; its median target price is $35 — compiled data from LSEG

** As of the close of the previous trading day, since its listing in late January this year, the stock has gained over 70%

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